March 12, 2018


Comments

 
 
 
  • This seems like a clever way to get around the MBL cap. You create essentially a subsidiary credit union and make sure that its membership meets the requirements for a low-income designation statistically (50%+1 of members - which won't be hard for a new small credit union) and then use it as a vehicle to extend business loans to your membership. I like it.
    Sam Brownell
     
     
     
  • Thanks for taking the time to comment, Sam.
    Marc Rapport